Understanding the Basics of Consumer, Financial and Personal Injury Law

About Me

Understanding the Basics of Consumer, Financial and Personal Injury Law

Up until nine months ago, I always considered myself above everyone else when it came to having good credit. I paid my bills on time and never went a day late on rent. I became the epitome of what a good consumer should be. But after losing my job after 12 years of faithfulness and hard work, my ego took a hit and so did my credit and finances. Humbled, broke and unable to pay my bills, I decided to file bankruptcy. I couldn't get a job right away and the only way to stay afloat was to start over. My bankruptcy attorney helped me do that. I started this blog to teach you how to come back from a financial and personal disaster with your life intact. I hope that you find the legal counsel you need to rebuild your life as well.

Is It Time To File For Bankruptcy? Let's Find Out

If you have been tossing around the idea of filing for bankruptcy but you are not sure if it is the right decision for you, you will want to keep reading. The following information should help you easily decide if it is indeed time to get in touch with a bankruptcy lawyer to help get the process started.

You Can't Increase Your Income Any More

If you have tried to work overtime or take on a second job but that still is not giving you enough money to pay all of your monthly obligations, then it might be time to consider the option of bankruptcy. Since you cannot increase your income enough, the next logical step is to try to reduce your expenses.

You Can't Take The Collection Calls Anymore

The later you get with your payments and the more companies you owe money to, the more collection calls you are bound to get. It can be hard to pick up the phone and talk to all of them every day, especially if you do not have anything new to say in regards to when you can catch up on your payments. Some people will start avoiding the conversation by refusing to pick up the phone. However, this can cause some collection companies to start calling friends and family to leave messages with them and that can be incredibly embarrassing for many people. If you are not able to pay back your debt and the calls are getting out of hand, talk with a lawyer. Once you file bankruptcy, the collection calls will stop. Your creditors are not allowed to contact you during the bankruptcy process, and that can be a huge relief for a lot of people.

Now that you have a much better understanding of the benefits of filing for bankruptcy, you might want to get the process started. Call around and schedule an appointment with the best lawyer in your area. Ask about the initial consultation and whether it is free or if there is a small fee. Also, you will want to make sure that you are gathering all copies of your most recent bills and your proof of income so the lawyer can properly evaluate your situation. This will help him or her come to the final decision on whether bankruptcy is the right legal action for you to take at that time.

For more information, contact a firm like the Martinez Law Firm.


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